Home CryptocurrencyBitcoin Carlson Group Adds Four Bitcoin ETFs to Financial Advisors

Carlson Group Adds Four Bitcoin ETFs to Financial Advisors

by SuperiorInvest

Financial services firm Carlson Group has reportedly added four of the 10 Bitcoin (BTC) exchange-traded funds (ETFs) to its offerings for registered investment advisors (RIAs).

The $30 billion investment firm prioritized asset growth, trading volume and low fees when selecting funds from BlackRock, Fidelity, Bitwise and Franklin Templeton, Bloomberg reported on Feb. 23.

A total of $6.6 billion has been invested in BlackRock's iShares Bitcoin Trust (IBIT) since its debut on January 11, while Fidelity has seen inflows of $4.8 billion into its Wise Origin Bitcoin Fund (FBTC). Bitwise Bitcoin ETF (BITB) and Franklin Bitcoin ETF (EZBC) have the lowest fees among issuers, respectively charging 0.2% and 0.19%.

“Bitwise and Franklin Templeton have committed to being the lowest-cost providers in the space and have also seen strong inflows and trading volumes. “Both firms have also established internal digital asset research teams and expertise that we believe are beneficial to the continued growth and management of the products, as well as advisor research and education,” Grant Engelbart, vice president and strategist at company investments. .

Related: Bitcoin ETF Inflows Rebound as BTC Price Nears Key $50,000 Support

Financial advisor platforms are a crucial gateway to introducing crypto products to new audiences. Large trading firms like LPL Financial Holdings are currently examining newly approved Bitcoin ETFs. If approved, the funds will be available to more than 19,000 independent financial advisors overseeing $1.4 trillion in assets. ETFs now available to Fidelity and Charles Schwab financial advisors

According to Bloomberg ETF analyst James Seyffart, due diligence on trading platforms may delay Bitcoin fund adoption. “Many of the large institutions, these stores, these platforms where brokers or advisors work, cannot buy whatever they want. There is like a list of approved ones and a list of not approved ones,” explained the analyst.

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